Best Insurance for a Mazda RX-8 in Memphis

Insurance for Mazda RX-8Want to learn how to save money and find more competitive insurance rates in Memphis, TN? Memphis buyers have options when searching for low-cost Mazda RX-8 insurance. They can either waste time driving around getting price quotes or leverage the internet to compare rates. There are more efficient ways to compare insurance rates so we’re going to tell you the absolute fastest way to price shop coverage on a Mazda and get the best price possible from both online companies and Memphis agents.

We don’t have to point out that fact that car insurance companies don’t want you to compare rates. Drivers who shop around for better prices will, in all likelihood, buy a new policy because they have good chances of finding a lower-cost company. A recent survey found that consumers who did price comparisons regularly saved about $3,450 over four years compared to drivers who never compared prices.

If finding the lowest price for Mazda RX-8 insurance in Memphis is your goal, then learning about the best ways to shop for insurance can save time and make the process easier.

Get cheaper Mazda RX-8 insurance in Memphis with discounts

Car insurance companies do not advertise all available discounts in an easy-to-find place, so the list below details both the well known and also the lesser-known discounts you could be receiving when you buy Memphis auto insurance online.

Policy discounts save money, but some credits don’t apply to the whole policy. Most only reduce specific coverage prices like liability and collision coverage. So when the math indicates all those discounts means the company will pay you, insurance companies wouldn’t stay in business. But all discounts will definitely lower your premiums.

The example below illustrates the difference between Mazda RX-8 car insurance costs with and without discounts applied. The rate quotes are based on a male driver, no violations or claims, Tennessee state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, safe-driver, homeowner, claim-free, and marriage discounts applied.

A few popular companies and some of their more popular discounts can be read below.

Double check with every prospective company which discounts can lower your rates. All car insurance discounts may not apply to policies in your state.

The companies shown below provide free rate quotes in Tennessee. If you want to find the best auto insurance in Memphis, TN, it’s a good idea that you visit several of them to get the best price comparison.

Insurance coverage analysis

The premium information displayed next outlines detailed analysis of prices for Mazda RX-8 models. Being able to understand how insurance policy premiums are formulated can help customers make decisions on the best policy to buy.

Mazda RX-8 Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $304 $518 $294 $18 $88 $1,222 $102
RX-8 Grand Touring 4-Dr Coupe $304 $596 $294 $18 $88 $1,300 $108
RX-8 R3 4-Dr Coupe $304 $596 $294 $18 $88 $1,300 $108
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Information does not factor in specific location information which can influence auto insurance rates significantly.

Deductible analysis

A question often asked by Memphis drivers is how high should the deductibles for physical damage be. The rates shown below lay out the price difference between low and high insurance deductibles. The first data set uses a $100 comprehensive and collision deductible and the second price grid uses a $500 deductible.

Mazda RX-8 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $312 $528 $288 $18 $86 $1,257 $105
RX-8 Grand Touring 4-Dr Coupe $312 $608 $288 $18 $86 $1,337 $111
RX-8 R3 4-Dr Coupe $312 $608 $288 $18 $86 $1,337 $111
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Mazda RX-8 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $228 $358 $288 $18 $86 $978 $82
RX-8 Grand Touring 4-Dr Coupe $228 $412 $288 $18 $86 $1,032 $86
RX-8 R3 4-Dr Coupe $228 $412 $288 $18 $86 $1,032 $86
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can influence auto insurance rates substantially.

We can derive from the above data that using a $100 deductible costs roughly $24 more each month or $288 each year across all Mazda RX-8 models than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at least 17 months between claim filings, you would most likely save money if you decide on a higher deductible.

The chart below demonstrates how choosing different deductibles and can affect Mazda RX-8 insurance premiums for different ages of insureds. The rates are based on a single female driver, full coverage, and no discounts are factored in.

Why Your Insurance Rates might be higher

Smart consumers have a good feel for some of the things that go into determining the price you pay for insurance. If you have some idea of what controls the rates you pay, this enables you to make decisions that can help you get cheaper rates. Many things are part of the calculation when premium rates are determined. Most are fairly basic like an MVR report, but other criteria are less apparent such as your marital status or your commute time.

The list below includes a partial list of the pieces insurance companies consider when setting prices.

When should I talk to an insurance agency?

Many people still like to get professional advice from a licensed agent and that is not a bad decision Good agents can point out coverage gaps and will help you if you have claims. One of the best bonuses of getting free rate quotes online is the fact that drivers can get better rates and still have an agent to talk to.

Memphis insurance agentsTo help locate an agent, after submitting this short form, the coverage information is transmitted to local insurance agents who will give competitive quotes for your coverage. It makes it easy because there is no need to leave your computer as quotes are delivered directly to your email. If you want to get a comparison quote from a specific company, feel free to go to their quote page and give them your coverage information.

Deciding on a provider should include more criteria than just the premium amount. You should also get answers to these questions.

The following are Memphis insurers that may be willing to give comparison quotes for Mazda RX-8 insurance in Memphis.

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Insurance in Tennessee serves several purposes

Despite the high cost, paying for insurance serves an important purpose.

The benefits of buying insurance more than offset the price you pay, particularly when you have a large claim. The average driver in Tennessee is wasting up to $800 each year so it’s important to compare rates at every policy renewal to be sure current rates are still competitive.

One last note

As you restructure your insurance plan, you should never reduce coverage to reduce premium. There have been many cases where an accident victim reduced physical damage coverage only to regret at claim time that they should have had better coverage. Your goal is to buy enough coverage for the lowest price, not the least amount of coverage.

Cheap Mazda RX-8 insurance in Memphis is possible online in addition to local insurance agencies, so you need to quote Memphis auto insurance with both to get a complete price analysis. Some insurance providers may not have the ability to get quotes online and most of the time these regional insurance providers prefer to sell through local independent agencies.

People leave their current company for many reasons like policy non-renewal, delays in paying claims, high prices or even high rates after DUI convictions. No matter why you want to switch, finding the right car insurance provider is actually quite simple.

How to find cheaper quotes for Mazda RX-8 insurance in Memphis

It takes a few minutes, but the best way to find the cheapest price for Mazda RX-8 insurance is to regularly compare price quotes from insurance carriers who sell auto insurance in Memphis. You can compare rates by following these steps.

One tip to remember is to make sure you’re comparing identical coverages on each quote and and to get quotes from every company you can. This helps ensure the most accurate price comparison and maximum price selection.

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